Project Management Consultancy, as seen a decade ago
At
Masters we believe in teamwork, at work and also in celebrations! As we
complete 10 years this month, over the next few days we will be sharing
our story of existence with you. Starting from what led to our
inception, our virtues (that still hold strong today), our key
contributions to the industry, what to look forward to in the next 10
years and much more insights. Stay tuned!
Read at - http://www.masterspmc.com/celebrating-10-years-of-masters/74-pmc-as-seen-a-decade-ago
As
technical the term Project Management may sound to many, to my inner
conscious I smile and say it to be the most simplest phrase. In very
simple language, I would say Project Management, as we understand at
Masters, is the process and activity of planning, organizing,
motivating, and controlling resources, procedures and protocols to
achieve specific goals in scientific or daily problems. What integrates technically here is the industry; i.e. construction.
As we have maintained here at Masters over the last 10 years, correct
application & integration of various project management processes
& tools results in planning, managing and controlling various
project parameters including the cost, the time, the scope and the
quality, thereby delivering the product.
During
this journey of 10 years of Masters, we have come across an array of
experiences from various clients as regards their understanding and
expectations from a Project Management Consultant and an amalgamation of
these put together interests me to pen down the development in the
notion of having a PMC on-board for a project.
As
we closely look back, say 10 years back, at the approach/modality of
Project Management, substantial changes/up-gradation are observed in
today’s time. If I only talk about the very basics, in those days of a
decade back, I correctly recall the existence of a PMC on ground was
extremely narrow. Most Clients as well as the Contractors were not in
particular aware of the role & responsibilities; keep aside the
value additions, which a PMC would bring on board. Variation was felt in
the understanding of the Contractors and the Client’s w.r.t the
authority that a PMC team would carry, the systems that a PMC would
follow and the results that would be seen.
These
differences, as we talk about briefly, have certainly brought more
challenges to the PMC teams in implementing an overall Project
Management system and methodologies amongst all stakeholders involved in
the project.
In
the then construction industry, the PMC was by and large understood to
be working as an overseer appointed by the client to examine and
scrutinize contractor’s quality of work at site and certification of
bill for work executed by contractor. And this, belief, was popularly
termed as “Supervision Consultancy”.
However,
taking the challenge as the opportunity, the industry today understands
the importance of PMC’s which is due to increasing awareness on the
role & significance of PMC.
The then PMC role, as on today have evolved and emerged broadly into two categories:
- Technical
- Commercial
Project
key Stakeholders have started to understand the importance both of the
technical as well as the commercial roles and the value additions which a
PMC brings in within the two.
The
Clients have felt the importance and have established the requirement
of the technical roles addressed by PMC team with extensive involvement
primarily in the process of Project Design Management, Procurement &
Contracts Management, Planning Management, & Construction Process
Management in one hand and Q.S. and Cost Management as part of
Commercial Management on the other hand.
However,
in the last 10 years, Project Management did not stop here and have
moved a step ahead. A PMC team today understands that besides their
primary role to complete the project within the desired time, cost and
quality they are also responsible for continuous development with
particular emphasis on Project Integration Management, Project
Communication Management, Risk Management, Stakeholder Management etc.
With
this continuous evolution of PMC service in Construction industry, we
at Masters have always put our best endeavor to ride through a learning
curve and maintained our services at par with the best industry
standards and practices. Development and up gradation of Project
Specific Procedure (PSP) of Masters in the recent past has been a step
towards such an effort in maintaining the pace for development of PMC
services.
Masters
is proud to have been a part of this most important decade for the
industry which has seen the establishment of requirements and
significance of PMC.
Saikat Majumdar (AGM)
Masters Kolkata
state of art IT/ITES buildings each with an average BUA of 250,000 Sq. ft. with a Total Project Value of 406 Cr.
